120ED 40th LnHamiltonIN46742
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Hamilton at 120ED 40th Ln, Hamilton, IN, 46742 listed at $192,500 pairs $1,373/mo rent with a $942/mo payment to leave $218/mo cash flow. Total monthly income runs $1,373/mo, and annual cash flow reaches $2,612/yr on $63,814 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 8.56% at a $192,500 basis. Equity gained on principal adds $1,242/yr, and annual property appreciation at 5% supports $53,184 by year five. Five-year ROI tracks 124.57% and total cumulative return in cash totals $79,493. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,373/mo property income relative to a $942/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46742, Hamilton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,165 (100%) |
| Owner Occupied HU | 1,271 (58.7%) |
| Renter Occupied HU | 197 ( 9.1%) |
| Vacant Housing Units | 697 (32.2%) |
| Median Home Value | $357,713 |
| Average Home Value | $393,855 |
Housing Distribution
Address Breakdown
Residential
1,527
Single Family
1,527
Multi-Family
0
Businesses
82
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Listed by: Gabe Cerny • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202505946
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.